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ECONOMICDEVELOPMENT IN THE
FAR EASTApril 2018

KEY TOPICS• Investment agreements• Far East Investment and• Kolmar Company putworth 3.5 trillion roubles tobe signed at EEF 2018

Export Agency to open abranch in Vienna

into operation theDenisovskaya
concentrating plant inYakutia

THE EASTERN ECONOMIC FORUM NEWS25 April 2018, RIA Novosti

EEF to host a DPRK Trade House
Alexander Krutikov, Deputy Minister for the Development of the Russian Far East, and Lee
Gwang Geun, Deputy Minister of External Economic Affairs of the DPRK, discussed the concept of theTrade House.
The Trade House is to be set up on the territory of the Free Port of Vladivostok, andsubsequently branches might be open in Moscow and Pyongyang.
The Korean party had submitted a list of export goods to be sold through the Trade House tothe Ministry for the Development of Russian Far East, among which are produce, construction
materials, medical supplies and equipment, perfumes, sewn products, electronics, clothing etc. There
are also plans for the Trade House to hold an annual national expo of DPRK’s goods and services.
https://ria.ru/economy/20180425/1519349121.html

24 April 2018, Lenta

Investment agreements worth 3.5 trillion roubles to be signed at EEF 2018
A round table of experts ‘Investment Growth in the Far East in 2017 was 17.1%. How did we doit and what’s next?’ took place in Moscow on 24 April in the run-up to the 4th Eastern Economic Forum.
The announced new mechanisms for the development of the Far East will presented at EEF 2018.
One of the blocks of the EEF business programme will feature ‘industries of the future’ that will
provide economic growth for the region in the next 5–6 years. The traditional business dialogues withAsia-Pacific countries are to be complemented with round tables involving entrepreneurs from Europe,India, Vietnam and South Africa.
https://lenta.ru/news/2018/04/24/soglasheniia35

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ECONOMIC DEVELOPMENT IN THE FAR EAST
19 April 2018, TASS

17 countries confirmed participation in EEF 2018
The list of confirmed participants includes Canada, Cyprus, China, France, Germany, India,
the Island of Jersey, Japan, the Netherlands, Norway, the Republic of Korea, Singapore,
Switzerland, the UAE, the USA, the UK, and Ukraine. As part of the invitation campaign, theinvitations have been sent to 3974 participants including 1353 representatives of Russian businessand 2346 representatives of international business.
http://tass.ru/ekonomika/5141010
11 April 2018, Interfax

Pohang government delegation to take part in EEF
Delegation of Pohang, one of the main industrial cities in the Republic of Korea, will beheaded by Pohang’s mayor Lee Kang-Deok. It will include members of the city administration, citycouncil, chamber of industry and commerce, representatives of the business community and themedia. South Korean representatives stated that taking part in EEF 2018 would continue
improving mutually beneficial cooperation between the two countries.
http://www.interfax.ru/events/news/607987
4 April 2018, Komsomolskaya pravda

4th Eastern Economic Forum to present innovative projects of the Technopark
RusskyBest projects for innovative development of the Far East will be presented as part of a
special session. Since September 2017, when the Technopark was opened, 37 companies fromsix Far Eastern regions became its residents. By 31 May 2018 the first federal selection oftechnopark residents will be completed.
https://www.kp.ru/daily/26814/3850768

STATE POLICY IN THE FAR EAST
24 April 2018, Rossiyskaya gazeta

Nearly 13,000 electronic visas issued in the Far East
Most active users of this entry visa for the Far East are citizens of China and Japan who
obtained over 11,000 visas. Electronic visas give citizens of 18 countries an opportunity to visit
Primorsky Krai, Kamchatka and Sakhalin. Currently the State Duma is reviewing a draft law on
expanding the visa for other regions of the Far Eastern Federal District.
https://rg.ru/2018/04/24/reg-dfo/na-dalnem-vostoke-vydano-pochti-13-tysiach-elektronnyh-viz.html
20 April 2018, Argumenty i Fakty

Khabarovsk hosted Chinese Investor Day
Over 10 projects in various fields involving Chinese investment have been presented at thisinvestment forum, including maritime and land transport infrastructure, farming, aquaculture, andcooperation in medicine and agriculture.
Yury Trutnev took part in the negotiations with managers of major Chinese companies. He
said that the meeting demonstrated the development of partner relations between Russia andChina, and that Chinese business was taking steps from discussion to action.
http://www.hab.aif.ru/money/v_habarovske_proshel_den_kitayskogo_investora
19 April 2018, TASSFar East Investment and Export Agency to open a branch in Vienna
The Far East Investment and Export Agency opened a new branch office to form a pool ofAustrian investors, said A. Galushka on 19 April at the Yalta International Economic Forum. TheAgency has branch offices in Beijing and Shanghai. Until the end of the year offices in Seoul,
Tokyo and India are to be opened.
http://tass.ru/ekonomika/5142991

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ECONOMIC DEVELOPMENT IN THE FAR EASTTHE ECONOMY OF THE FAR EAST
2 April 2018, Komsomolskaya pravda

Chinese company to invest 2.7 billion roubles into a brick factory in Outer
Manchuria
Songjiang Concrete Components company plans to build a fire and water proof brickfactory with a capacity of two million tons per year. The project will be implemented in thePriamurskaya TOR (priority development area). The factory will require the development of raw
cement deposits. The investment project is expected to be implemented within three years.
https://www.amur.kp.ru/online/news/3069636

NEW MECHANISMS FOR DEVELOPMENT IN THE
FAR EAST: SUCCESS STORIES
26 April 2018, Interfax

Kolmar Company put into operation the Denisovskaya concentrating plant inYakutia
A new plant with a processing capacity of 6 million tons of coal per year was launched inSouth Yakutia TOR (priority development area) within only 10 months. For a full plant feed thecompany plans to build a new Vostochno-Denisovskaya mine. For the first time in Russia atechnology developed by the Chinese company Beijing CATIC Industry Limited was used for coalprocessing. This technology completely eliminates any negative impact on the environment.
Carbonized coal will be delivered to domestic and export markets of the Asia-Pacific region.
http://www.interfax-russia.ru/FarEast/main.asp?id=929421

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